- Feb 14, 2002
Zen, you're getting me all excited, and I haven't even started my research into 23&Me. I don't follow that Kevin dude on Youtube. Never seen any of his videos even though that shit is promoted like crazy. The only Youtube channel I watch regularly is Tesla Daily with Rob Maurer. I share many of the same views as Rob and his Tesla content are excellent and keeps me in the loop of everything Tesla news.
Yup. SPAC plays have this point been free money. Think of yourself as venture capitalist. If you divide up your money and invest 10% into the SPAC at the IPO before any announcement, you're going to make lot of money because some of the SPACs are going to return huge and be up like 1000-2000% once they announce who they're buying and merging with. And even if you did pick some duds and those SPACs don't end up going up much, the $10 /shr cash value gives you support so you don't end up losing much or any money. Even the shitty SPACs are going up 20-50% even if they're duds. I followed CCIV and thought about jumping in at $13.50 when I first heard the Lucid news. But I didn't because I'm a scared dummy and don't really believe in Lucid. Same with Quantumscape. I could've jumped in that really early in the low teens. I left lot of free money on the table last year while I saw people who turned tens of thousands of dollars into millions of dollars over at WSB.yeah from what I've noticed, it seems like people play the speculation--announcement curve (a term I just now made up and probably makes no sense). If you buy in at $10 offer, across only a dozen or so SPACS, a decent number of them are going to see a huge positive swing within days of their announced acquisition. All of them seem to show that spike, and it's like clockwork. up or down, you can almost depend on a 30% upswing at some point across a majority percentage of your choices, right?
It just looks like stupid free money....